She noted that the deal will also reduce Europe's reliance on energy from “adversarial sources” while helping narrow the U.S. trade deficit with the bloc.
August 1, 2025
The two leaders discussed a temporary extension of existing tariffs and pledged continued dialogue toward a comprehensive trade agreement.
August 1, 2025
Simultaneously, former US President Donald Trump announced on his platform Truth Social that the US would impose 25% tariffs on Indian goods starting August 1.
July 31, 2025
At market opening, the benchmark NIFTY 50 index fell 212.80 points or 0.86 per cent to 24,642.25, while the BSE Sensex plunged 786.36 points or 0.97 per cent to 80,695.50.
July 31, 2025
He emphasized that India, despite being a US ally, has done "relatively little business" with the US due to these trade barriers.
July 31, 2025
“This is typical Trump—creating pressure and chaos on a bilateral basis so he can appear as the problem solver,” Vickery remarked.
July 31, 2025
Earlier in the day, Trump posted on Truth Social that India would face a 25 per cent tariff and an additional penalty starting August 1, citing India’s high tariffs, restrictive trade practices, and its continued defence and energy ties with Russia.
July 31, 2025
Goyal stressed the need for India to rethink its export strategy and reduce over-dependence on the American market by exploring opportunities in Asia and Europe.
July 31, 2025
"The Brazilian government’s actions have harmed U.S. companies, suppressed the free speech rights of U.S. citizens, and endangered U.S. foreign policy and economic stability," the White House statement said.
July 31, 2025
Economist Suriya Narayanan described the development as a "setback for Indian exporters," highlighting that previously zero-tariff exports such as pharmaceuticals and metals will now face additional costs.
July 31, 2025Advertisement